Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been given a consensus rating of “Hold” by the ten brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.88.
A number of research analysts have commented on WAIR shares. BidaskClub downgraded Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, October 19th. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft in a report on Monday, October 2nd. Deutsche Bank raised Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price on the stock in a report on Thursday, November 30th. Finally, Cowen reaffirmed a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a report on Wednesday, November 29th.
Wesco Aircraft (NYSE:WAIR) remained flat at $$7.60 during mid-day trading on Tuesday. 438,180 shares of the stock traded hands, compared to its average volume of 373,813. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22. Wesco Aircraft has a one year low of $6.05 and a one year high of $15.55. The firm has a market cap of $756.38, a price-to-earnings ratio of -3.17, a price-to-earnings-growth ratio of 0.99 and a beta of 0.66.
In other Wesco Aircraft news, EVP Declan O. Grant bought 7,170 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average cost of $6.94 per share, for a total transaction of $49,759.80. Following the transaction, the executive vice president now directly owns 70,760 shares in the company, valued at $491,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Cove Street Capital LLC boosted its stake in shares of Wesco Aircraft by 146.6% during the 2nd quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock worth $47,478,000 after acquiring an additional 2,601,134 shares in the last quarter. Makaira Partners LLC boosted its stake in shares of Wesco Aircraft by 18.0% during the 2nd quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock worth $104,702,000 after acquiring an additional 1,474,630 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Wesco Aircraft by 79.5% during the 2nd quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock worth $14,198,000 after acquiring an additional 579,446 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Wesco Aircraft by 9.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after acquiring an additional 522,991 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Wesco Aircraft by 13.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock worth $44,065,000 after acquiring an additional 473,010 shares in the last quarter. Institutional investors own 94.88% of the company’s stock.
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About Wesco Aircraft
Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.
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